Nearly Half Of Americans Are Unemployed. Foreign Trade Order Recovery Is Still Slow, Textile Enterprises: It Will Take Another Two Months.

A recent chat with Chen boss, who is doing fabric business in Keqiao, said that if the business was shrunk by half last year, it would have been a good result, but from the current situation, to achieve this goal, there is still a long way to go.

The fact is that this year, in order to ensure the normal operation of the company, after starting in March, Chen's factory has maintained 2-3 of the low start-up, that is to say, there are fewer than 10 sets of more than 30 circular machines in this family.

"Compared to May, orders in June were slightly better. Most of our end customers were in the United States. The epidemic situation is relatively large this year, so the order is also very slow. Now we have opened about 3 of the machines to maintain our daily operation." Chen had no choice but to come.

From the data of the sample enterprises in China's silk net monitoring, since March, the operation rate of Hsiao Shaw yuan has been lower than that of other Jiangsu and Zhejiang clusters. After the Dragon Boat Festival, the market operating rate has been maintained at around 4. Under the epidemic situation, most of the circular enterprises are adhering to the "low start up and stable inventory" business philosophy and flexible changes in their own operation.

　　 "Since May, our factories have been running very low, workers are going to get out of the way, sometimes there are orders, they can't find workers to do so, but this year's market is just like this. Let's keep up!" Chen said.

Speaking of this year's foreign trade, most textile people can only shake their heads. From the recent recent customs data, textile exports in the preceding months show a cliff like fall compared with the same period in the past year.

Although the market is getting warmer in 1-5 months, the whole structure is still dominated by epidemic prevention materials. In other words, the performance of conventional textiles in the first half of the year is relatively weak, which also confirms that the foreign trade market orders are getting warmer.

During the visit, Xiaobian found that the recent orders for textile owners who were working with the United States were not performing well. Some of the textile foreign trade bosses had already been on holiday, others were just making small orders. The orders that were hundreds of thousands of meters before 2019 had disappeared in the market. Under the epidemic situation, the largest "railing" in the trade between China and the US has changed from trade friction to economic recovery.

01

In the third year, the impact of Sino US trade frictions weakened this year.

Since the outbreak of Sino US trade frictions in 2018, it has entered the third year. During this period, trade consultation has experienced ups and downs.

Looking back at all the economic and trade experiences of the two countries in 2019, as the media commented, there is no winner in the trade friction. It was also at that time that many foreign trade enterprises which had a larger volume of trade with the United States began to transform their markets in the Middle East and Russia to reduce their dependence on the United States. However, from the customs data, although China's textile and clothing exports to the United States have declined, the proportion of exports still maintains a high proportion, compared with that of the European Union.

"Most of our customers are from the United States. Their orders were low in profit, but the volume was very large. The payment was relatively guaranteed. This year, affected by the epidemic, the orders that had been received before were cancelled. In May, a small part of them returned, but the order was slow." Yu Zong, who specializes in silk imitation, said.

"Before we were concerned about Sino US trade, it was very panic at that time, but over time, we are not afraid of adding tariffs this year, because orders were originally gone." Another textile boss who made home textile fabrics said.

02

Nearly half of them have lost their jobs, and the US economy is recovering slowly.

Today, the slow recovery of foreign trade orders is due to the fact that the global economic recovery is weak due to the epidemic. In the context of the US economy's failure to cope with the pandemic and the constant outbreak of large-scale riots, the statistics of the Labor Statistics Bureau show that the employment rate in May has dropped to 52.8%, which means 47.2% of Americans are unemployed. Affected by the new crown epidemic, the proportion of the employed population has dropped sharply from the recent high of 61.2% in January, far from the record high of 64.7% in the post-war 2000.

In addition, the Fed, which provided unlimited QE to the US economy, suddenly changed its face, which led to the market or too much surplus grain to support the operation of the US debt economic model.

Today, the economic environment is also difficult to stimulate the consumption climate of the Americans. Although clothing is the first place in clothing, food and shelter, but for consumers, the most basic thing is food and clothing. Today, nearly half of the population in the United States is unemployed. This shows that the export of textiles to the United States is still a big drag.

The continuous bad news has made the market even more promising in the "wind and rain" market. It is expected that the market will continue to remain weak in the next 7 and August, but by the 9 and October in the double 11 electricity Shopping Festival and the arrival of the Christmas season, the foreign trade market will be different.